1-bed · 960 sqftElite Residence, Dubai Marina · 28th floor · completed 2012

2806, Elite Residence

Sold prices and rental history: sold 3 times, last in October 2014, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2806 · DLD and Ejari recordsUpdated 28 October 2014
Last soldAED 1.55M28 October 2014
Current rentAED 80K /yr27 January 2014
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2806, Elite Residence

What is 2806 worth today?

Last sold for AED 1,550,000 in 2014

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28 Oct 2014SoldReady
AED 1,550,000AED 1,613 per sqft
27 Jan 2014RentedRenewal
AED 80,000/yr12 months · AED 84 per sqft
27 Jan 2013RentedNew contract
AED 75,000/yr12 months · AED 78 per sqft
21 Jan 2013SoldReady
AED 657,371AED 684 per sqft
9 Aug 2009Sold by developerOff-plan
AED 1,314,741AED 1,369 per sqft

Source: Dubai Land Department. Updated 28 October 2014.

Key facts

Type
1-bed apartment
Size
960 sqft
Floor
28th of 83
Parking
B3-25
Developer
Tameer Holding Investment
Completed
2012
Service charge
AED 12,600 /yr
Last sold
AED 1.55M · October 2014

About 2806, Elite Residence

2806 is a one-bedroom apartment of 960 sqft on the 28th floor of Elite Residence, a 83-storey tower in Dubai Marina completed in 2012 by Tameer Holding Investment. It last sold on 28 October 2014 for AED 1,550,000, or AED 1,613 per sqft, 5% below the AED 1,696 one-beds in the building were fetching at the time.

It has been rented since 2013 on 2 Ejari contracts. The current contract, renewed on 27 January 2014, is AED 80,000 a year: a gross yield of 5.2% on the 2014 price, before the service charge of about AED 12,600 a year.

Sales and rents for 2806 over time

Sales
Unit 2806, each saleTypical one-bed in Elite Residence
500K1M1.5M2009201420192024Typical sale price by year: 2009 AED 1,331,420; 2010 AED 1,311,618; 2011 AED 864,286; 2012 AED 1,236,138; 2013 AED 1,234,659; 2014 AED 1,440,000; 2015 AED 1,162,500; 2016 AED 1,252,011; 2017 AED 1,180,000; 2018 AED 1,070,000; 2019 AED 850,000; 2020 AED 750,000; 2021 AED 750,000; 2022 AED 980,000; 2023 AED 1,172,344; 2024 AED 1,285,000; 2025 AED 1,312,500; 2026 AED 1,240,000Sold by developer, August 2009: AED 1,314,741 (AED 1,369 per sqft)Sold, January 2013: AED 657,371 (AED 684 per sqft)Sold, October 2014: AED 1,550,000 (AED 1,613 per sqft)

2806 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 2806, each contractTypical one-bed in Elite Residence
60K80K100K2012201620202024Typical rent by year: 2012 AED 75,000; 2013 AED 80,000; 2014 AED 91,042; 2015 AED 95,000; 2016 AED 95,000; 2017 AED 90,750; 2018 AED 80,000; 2019 AED 70,000; 2020 AED 57,000; 2021 AED 55,000; 2022 AED 66,000; 2023 AED 75,000; 2024 AED 85,000; 2025 AED 90,000; 2026 AED 82,000New contract, January 2013: AED 75,000 a yearRenewal, January 2014: AED 80,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Elite Residence, and where 2806 sits

All 416 1-beds →

2806 last sold in October 2014 at AED 1,613 per sqft, 5% below what one-beds in Elite Residence were fetching at the time (AED 1,696). Over the last 12 months one-beds sold for AED 1,065,000 to 1,530,677, around AED 1,547 per sqft, and rent for AED 36,725 to 159,000 a year. 2806's AED 80,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
3 Nov 20261,400,000
2 Nov 20261,250,000
16 Oct 20261,160,000
7 Oct 20261,530,677
20 1-bed sales in the last 12 months

Elite Residence

Building

697 apartments, 1-bed to 5-bed over 83 floors in Dubai Marina, completed in 2012 by Tameer Holding Investment. 39 sold in the last 12 months.

Typical price per sqft
AED 1,445 Up 1.3%
Typical sale
AED 1.53M
Typical rent
AED 94K /yr
Typical yield
6.6%
Elite Residence, Dubai Marina: prices, sales and rents →

Other units on the 28th floor

All 697 units in Elite Residence
Value
28011-bedAED 749K · Jan 2021
28022-bedAED 1.8M · Oct 2016
28031-bedAED 1M · Jan 2022
28041-bedAED 1.59M · Dec 2012
28052-bedAED 2.6M · Dec 2012
28071-bedAED 1.18M · Oct 2016
28082-bedAED 1.86M · Oct 2014
1–7 of 11

2806, Elite Residence in numbers

  • Sold 3 times: first on 9 August 2009 for AED 1,314,741, last on 28 October 2014 for AED 1,550,000 (AED 1,613 per sqft).
  • Rented since January 2013 on 2 Ejari contracts, from AED 75,000 to AED 80,000 a year.
  • At AED 80,000 a year the gross yield on the 2014 price is 5.2%, before a service charge of about AED 12,600 a year (AED 13.10 per sqft).
  • One-beds in Elite Residence sold for AED 1,065,000–1,530,677 in the 12 months to November 2026; the building's median across all types is AED 1,445 per sqft.

Source: Dubai Land Department. Updated 28 October 2014.

Questions about 2806, Elite Residence

What did unit 2806 last sell for?

AED 1,550,000 on 28 October 2014: AED 1,613 per sqft for 960 sqft. The unit has 3 registered sales; the first was AED 1,314,741 in August 2009.

What is the rent for unit 2806?

AED 80,000 a year on the contract renewed on 27 January 2014. The previous contract, from January 2013, was AED 75,000.

How big is unit 2806?

960 sqft (89.2 sqm): a one-bedroom apartment on the 28th floor of a 83-storey tower completed in 2012.

What is unit 2806 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Elite Residence sold for AED 1,065,000 to 1,530,677 in the last 12 months, around AED 1,547 per sqft.

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Mortgage on 2806, Elite Residence

Starts from the last sale price (AED 1.55M, 28 October 2014). Switch to today's estimate once you have unlocked it.
Price
AED 1,550,000
Deposit, UAE resident (20%)
AED 310,000
Deposit, non-resident (40%)
AED 620,000
Monthly over 25 years at 3.7%
AED 6,342

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →